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Analyst: Gold prices are expected to reach the range of $3600-$3900 in the coming months.
On September 3, Jin10 reported that Priyanka Sachdeva, an analyst at Philip Nova, stated in a report that if the Spot gold price continues to break through $3500, gold prices could reach the range of $3600 - $3900 per ounce in the coming months. She mentioned that the aggressive tariff stance of the U.S. has increased geopolitical risks, fueling safe-haven investments. She noted that factors such as expectations of interest rate cuts, political turmoil, and strong ETF demand have transformed gold from a tactical Hedging asset into a strategic must-have for many investors. Sachdeva believes that the target of $3800 per ounce may be the first clear psychological barrier for gold prices to break the current high.
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